About: Eurogroup

Economy & Jobs 09-07-2020

Donohoe wins Eurogroup presidency

Ireland’s minister of Finance, Pascal Donohoe, will be the next Eurogroup chief, outgoing president Mario Centeno announced.
Economy & Jobs 09-07-2020

Election day: Calviño and Donohoe neck and neck in Eurogroup race

Eurozone finance ministers are split on whether to pick their Spanish colleague Nadia Calviño or Ireland’s Paschal Donohoe as the next Eurogroup president during a videoconference on Thursday (9 July), EU sources and diplomats told EURACTIV.com.
Economy & Jobs 26-06-2020

Calviño, Donohoe and Gramegna compete for Eurogroup helm

Ministers Nadia Calviño (Spain), Paschal Donohoe (Ireland) and Pierre Gramegna (Luxembourg) will compete for the Eurogroup Presidency. While Calviño could become the first woman to chair the body, her colleagues promised to become ‘bridge builders’ between the different positions. 
Economy & Jobs 25-06-2020

Eurogroup race hits milestone with no official candidates yet

The deadline for eurozone finance ministers to put forward their candidacy to chair the Eurogroup ends on Thursday (25 June), with no official contenders yet, although Spain’s Nadia Calviño, Ireland’s Paschal Donohoe and Luxembourg’s Pierre Gramegna are seen as leading the race.
Economy & Jobs 12-06-2020

Centeno: Portugal today has a credible economic and budgetary policy

In his last interview as Portugal's finance minister, Mário Centeno, who is also the outgoing president of the Eurogroup, talked to the Portuguese broadcast RTP about his mandates, the relation with Prime Minister (PM) António Costa and the possibility of becoming the new governor of the Bank of Portugal.
Politics 12-06-2020

Tweets of the Week: Eurogroup Head, Statues Down, Brexit Cherry Picking

Speculation about Eurogroup top post, across the EU racist statues are toast, and Brexit is back like an unwelcome ghost.
Economy & Jobs 12-06-2020

Spain’s Calvino boasts ‘key role’ in Eurogroup to support her candidacy

Spain’s minister of Economy, Nadia Calviño highlighted her “key role” in preparing the Eurogroup response to the COVID-19 crisis, as the eurozone finance ministers will pick a new president in early July.
Economy & Jobs 10-06-2020

Ex-Eurogroup boss: Nobody is so stupid to propose to ‘just go back under 3% deficit’

As one of the most influential Eurogroup figures during the previous crisis, Thomas Wieser chaired the preparatory meetings of eurozone finance ministers between 2011 and 2018. In an interview with EURACTIV, the American-Austrian economist described the EU’s fiscal rules as “bad practical economics”, in particular for handling a crisis such as the current one.
Economy & Jobs 09-06-2020

Mario Centeno quits Eurogroup post, Portuguese government

Portuguese Finance Minister Mário Centeno, the Eurogroup's president, has resigned from government, following a period of less than idyllic relations with Prime Minister António Costa, and will be replaced by state secretary for budget João Leão.
Economy & Jobs 09-05-2020

ESM corona-loans expected to be available from 15 May

The €240 billion in ‘cheap’ loans for countries affected by the coronavirus COVID-19 will be available as from 15 May, 15 days ahead of the expected date, European Stability Mechanism (ESM) chief, Klaus Regling, said on Friday (8 May).
Economy & Jobs 07-05-2020

EU finance ministers to pass on ECB ruling

The Eurogroup will discuss on Friday (8 May) the German Constitutional Court's controversial ruling on the European Central Bank's critical bond-buying programme but will not take a position, according to EU sources. 
Economy & Jobs 23-04-2020

Reforms, investment and the EU Recovery Plan

The EU member states are finally discussing an ambitious European Recovery Plan and the good news is that they already have the right tool at hand, writes Dragoș Pîslaru.
Economy & Jobs 21-04-2020

Centeno: ‘The old books by which we governed are of no use in this period’

In an interview with the Portuguese newspaper Público, the President of the Eurogroup, Mário Centeno, shared some leads about the EU’s recovery plan. He believes that the new recovery plan should have its “own, appropriate and innovative funding mechanism”.
Economy & Jobs 21-04-2020

EU and COVID-19: Time to think outside the box

The Eurogroup’s decisions taken on 9 April were a necessary and overdue collective EU response, as well as a welcome but flawed and incomplete compromise. If European leaders are to save the EU economy when they meet on 23 April, they need to think outside the box, write Carlos Closa, George Papaconstantino, and Miguel Poiares Maduro.
Economy & Jobs 10-04-2020

Dombrovskis: ‘I could imagine containment costs covered by ESM loans’

Following the Eurogroup’s agreement on the economic response to the coronavirus, European Commission vice-president Valdis Dombrovskis on Friday (10 April) welcomed the €540 billion package in an exclusive interview with EURACTIV.com
Economy & Jobs 10-04-2020

Eurogroup agrees on €540 billion corona-package

The Eurogroup finally agreed on a €500 billion package to support member states, companies and workers in the coronavirus crisis, after The Netherlands and Italy overcame they differences. Leaders will discuss in the coming days the recovery plan and the possibility of ‘coronabonds’.
Future EU 09-04-2020

Italy PM warns virus puts EU project at stake

Italian Prime Minister Giuseppe Conte warned Thursday (9 April) that the European integration project was at risk if EU member states do not find an economic response to the coronavirus crisis.
Economy & Jobs 08-04-2020

Eurogroup fails to progress on economic response to pandemic

After a 16-hour teleconference that concluded on Wednesday morning (8 April), eurozone finance ministers failed to find an agreement on the economic package to tackle the  economic impact of the coronavirus.
Future EU 07-04-2020

EU ministers to agree virus rescue plan, not ‘coronabonds’

EU countries are nearing an economic rescue plan for European countries worst hit by the coronavirus outbreak, sources said on Monday (6 April), but not at the level of ambition called for by Italy and Spain.
Economy & Jobs 02-04-2020

Von der Leyen: EU budget should be the Marshall plan we lay out together

The EU's next long-term budget should be a key instrument in the recovery plan to confront the huge economic consequences of the COVID-19 crisis, European Commission President Ursula von der Leyen said on Thursday (2 April).
Economy & Jobs 01-04-2020

Eurogroup to discuss EU-wide unemployment reinsurance scheme

The European Commission is planning to present to EU finance ministers next week its pan-European unemployment reinsurance scheme proposal to support the most affected countries by the coronavirus.
Economy & Jobs 31-03-2020

Brussels seeks ‘consensual’ economic response to COVID-19 crisis, shifting away from coronabonds

With "all options on the table", European Commission president Ursula Von Der Leyen is looking at a consensual response among member states to the economic fallout from the COVID-19 crisis, her spokesman said on Monday (30 March), shifting away from controversial debt mutualisation advocated by Italy.
Economy & Jobs 25-03-2020

Eurogroup nearing agreement to use bailout fund against pandemic

Countries of the euro area are close to an agreement to use the European Stability Mechanism to provide credit lines of up to 2% of their GDP to tackle the consequences of the coronavirus COVID-19.
Economy & Jobs 17-03-2020

Euro area countries mobilise around €120 billion against coronavirus

Euro area countries have mobilised around 1% of their GDP (€120 billion) to fight against  the economic fallout from the coronavirus but continued to disagree over deploying a joint fiscal stimulus, after a joint teleconference held on Monday (16 March). 
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